We have all needed a small loan for a car, furniture or for a vacation. Good Finance recently offers the money reserve, this company has a license to borrow money, with which they can operate the markets and lend money to citizens and companies. Of course you have to meet a number of requirements at Good Finance, the amount of incoming money is important, or if you have payment history, you have a partner who has an income!
The cash reserve from Good Finance is easy
You usually borrow money for a temporary shortfall to supplement with a personal loan, but do not use it to finance a house,
but to bridge a period of money shortage. The money reserve also costs you monthly money, money as interest payment for the bank, because you can use the money, borrowing money is therefore always more expensive than using your own money. Despite any tax benefits, borrowing money always costs more than any tax benefits that are given by the government! I would also take into account what kind of money comes in in your calculation, because after a while you have to be able to pay back the extra costs, and in the meantime also be able to cough up the monthly costs!
But borrowing is usually not that difficult, nor was it difficult in the past to put you in debt, but then the money must be paid back. Paying back can certainly be difficult if your circumstances change, so keep in mind that borrowing money creates an obligation. You should meet your obligations on a monthly basis, so it is also important that you make the calculation yourself, and do not allow your bank to impose a calculation. Since the credit crisis, banks will act more cautiously, but money is their business with which to earn. So when borrowing money, always look carefully at what is possible and what is not possible!
Close money reserve at an affordable price
Taking out a small loan is only possible if you have a good payment history, if that is all right then you will have access to a predetermined amount of money, for which you therefore have to pay the monthly costs. Usually you can record this if you need it, and park it back if you don’t need the money. The monthly charges can be fixed charges, but usually those charges are related to the remaining amount that is not used! Normally there is a practical duration, but it may also be that the duration can be extended.